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2022-12-31-accounts

Reference and Administrative
Details		 Reference and Administrative
Details
Trustees'
Report		 2to7
Statement ofTrustees' Responsibilities
Independent
Auditors'		 Report 8to 11
Statement ofFinancial Activities 12
Balance Sheet 13
Cash Flow Statement 14
Notes to the Financial Statements 15to 30

Trustees 0Chope
P SChristie
Mrs SJEllis
Mrs SLGreen (from 03/03/2022)
Mrs JGubb
The Mayor of Bideford, Mrs JGubb, Ex-Officio Trustee
ARHarper (to 06/01/2022)
EA Hubber
W G Isaac
tungi Mrs EJunkison, (Chairman)
Mrs SJLangford
JA McKenzie
+ Vl PRSims
Q/ Z Other Officers Mrs RGould (from 31/10/2022), Steward
LU
)		 tII »
0		 Mrs SWebster (resigned 28/10/2022),
DJDark F.R.I.C.S., Warden		 Steward
Qt/I~ Charity Registration Number 204536
0 Principal Office 23a The Quay
BIDEFORD
Devon
EX392EZ
Auditor Glover Stanbury
Chartered
Accountants		 and Registered Auditors
27 Bridgeland Street
BIDEFORD
Devon
EX392PZ
Solicitors Bazeley Barnes 4Bazeley
24 Bridgeland Street
BIDEFORD
Devon
EX392QB
Bankers National
Westminster		 Bank pic
41 High Street
BARNSTAPLE
Devon
EX311DA

2022
Total
22
Total December
31 2020 to 31
December December
Unrestricted Restricted Endowment 2022 2021
Note
Income and Endowments from:
Donations
and legacies		 3 1,000 1,000 200
Investment
income		 4 878,257 878,257 865,640
Total income 879,257 879,257 865,840
Expenditure
on:
Raising funds 5 (357,733) (50) (11,981) (369,764) (334,745)
Charitable
activities		 6 (703,861) (703,861) (565,490)
Other expenditure 7 (1,000) (1,000) (1,000)
Total expenditure (1,062,594) (50) (11,981) (1,074,625) (901,235)
Gains/losses
on
investment
assets
Net movement
in funds		 (112,322)
(295,659)		 (50) 71,079
59,098		 (41,243)
(236,611)		 1,573,272
1,537,877
ReconciTiation offunds
Total funds brought
forward		 1,077,830 200 19,647,556 20,725,586 19,187,709
Total funds carried
forward 17 782,171 150 19,706,654 20,488,975 20,725,586

BALANCE SHEET ASAT 31DECEMBER2022
2022 2021
Note
Fixed assets
Investments 12 20,506,007 20,556,639
Current assets
Stocks 13 277 760
Debtors 14 84,076 79,339
Cash at bank and in hand 15 109,378 257,094
193,731 337,193
Creditors: Amounts falling due within one year 16 (210,763) (168,246)
Net current 0iabilities)/assets (17,032) 168,947
Net assets 20,488,975 20,725,586
Funds ofthe charity:
Endowment
funds
Restricted income funds
Restricted funds		 19,706,654
150		 19,647,556
200
Unrestricted income funds
Unresu icted
Total funds		 funds 17 782,171
20,488,975		 1,077,830
20,725,586

CASH FLOW STATEME N T FORTHE YEARENDED 31DECEM BER2022
31 31
December December
2022 2021
Note
Cash flows from operating activities
Net cash expenditure (195,368) (35,395)
Adjustments
to cash flows		 from non-cash items
Investment
income		 4 (878,257) (865,640)
(1,073,625) (901,035)
Working capital adjustments
Decrease in stocks 13 483
Increase in debtors 14 (4,737) (6,501)
Increase in creditors 16 42,517 52,119
Net cash flows from operating
activities		 (1,035,362) (855,417)
+ Vl Cash flows from investing activities
2
LU
)		 Q/ Z
pi
III»
0		 Interest receivable
and similar income
Purchase ofinvestments
Sale ofinvestments		 4
12		 878,257
(82,500)
91,889		 865,640
Qtr)~ Net cash flows from investing activities 887,646 865,640
z Net (decrease)/increase
in		 cash and cash equivalents (147,716) 10,223
U
Cash and cash equivalents at 1January 257,094 246,871
Cash and cash equivalents at 31December 109,378 257,094

3 INCOME FR OM DONAT IONS
AND LEGACIES
Unrestricted
funds Total Total
General 2022 2021
Donations
and legacies;
tungi Donations from companies, trusts and similar proceeds 1,000 1,000
Donations from individuals 200
1,000 1,000 200
+ Vl
Q/ Z 4 INVESTMENT INCOME
LU
)		 tII »
0		 Unrestricted
funds		 Total Total
General 2022 2021
Gnarl~
Ri Interest receivable
and similar income;
Interest receivable on bank deposits		 338 338 36
Other income from fixed asset investments 124,228 124,228 123,729
Other investment income 30 30 16
Income from rents 753,661 753,661 741,859
878,257 878,257 865,640

A)INVESTMENT MANAGEM ENT
COST
Unrestricted		 S Endowment
Total
22
Total December
31 2020 to 31
December December
General Restricted Permanent 2022 2021
Other investment
management
costs;
Bookpurchases 483 483
Void rates and water rates 1,607 1,607 671
+ Vl Lighting
and heating oftrust
Q/ Z
(Ega
LU (II»
)
0		 properties
Insurance
Repairs and servicing costs		 8,062
20,584
264,910		 8,062
20,584
264,910		 3,164
16,305
247,373
Printing,
stationery		 and
Qu)~ software 615 615 641
Ri Sundry expenses
Sundry expenses		 1,225 50 50
1,225		 40
Cleaning,
gardener		 and
caretaker 3,843 3,843 3,011
Warden's
fees		 28,800 28,800 29,174
Steward's fees (50%) 19,350 19,350 20,194
Advertising 863 863 2,315
Professional
fees		 2,591 2,591 400
Professional
fees		 5,315 5,315 7,589
Book-keeping
and Xero
support 390 390 2,133
Bank charges 1,686 1,686 1,735
(Gain)/loss
on programme
related investments 9,390 9,390
357,733 50 11,981 369,764 334,745

6 EXPEN DITURE ON CHARITAB LE ACTIVITIES
Unrestricted
funds Total Total
22December
2020to 31
31December December
General 2022 2021
Grant funding ofactivities 668,559 668,559 529,888
Allocated support costs 1,618 1,618 2,251
Governance costs 33,684 33,684 33,351
703,861 703,861 565,490

Unrestricted
Total
22
Total December
31 2020 to 31
December December
General 2022 2021
Bridge Maintenance Order 1,000 1,000 1,000
1,000 1,000 1,000

2022 2021
Name of institution
Appledore Book Festival 5,000
1stWoolsery Scouts
Appledore
Band
Appledore
Footbau Club
Appledore
Maritime
Heritage Trust		 750
1.500
3.000
10.000		 2,700
1,000
3,000
12,500
Atlantic Racquet Centre
Bideford Amateur
Athletic Club		 140,000 3,470
Bideford
Bideford		 and District Archive Council
Amateur Footban Club
—Youth		 1.750
4.000		 1,050
5,000
Bideford Amateur
Rowing Club		 5.000 5,000
Bideford and District SeaCadets 2,000
Bideford Baptist Church 5,000
Bideford Blues &Appledore
Junior FC		 6.000 6,000
Bideford Canoe Club 2,000
Bideford Carnival 1.500 1,500
Becky's Christmas
Toy Bank		 1.800 1,500
Bideford College
—Battlefield Trip		 2.000
Bideford College
—Duke ofEdinburgh		 contribution 3.680
Bideford. Littleham &Westward
Hol		 Cricket Club (Colts Section) 5.000 5,000
Bideford College
—Enrichment
Week		 transport 5.000
Bideford Railway Heritage Centre 4.000 4,720
Bideford Methodist Church 10.000 10,000
Bideford Rugby Club Limited 4.000 5,000
Bideford Street Pastors and School Pastors 4.000
Bideford Massed Pipes &Drums 3.000
Bideford Youth Pipe Band 2.000
Buckland Brewer Methodist
Church (including 2018		 Youth Project) 2.500 1,000
Bideford Rotary Club
—Water Festival		 1.750
Burton at Bideford 5.000

(CONTINUED)
Clovelly Pilot Gig Club 2.000 2,500
East-the-Water
Comnnuuty
Primary School		 11.830 14,970
Edukid 2.000 2,000
Go North Devon Ltd (Cancer Care Service) 2.000 2,000
Harbour Bideford 3.000 3,000
Holy Trinity Church. Westward Ho! 2.000 2,000
Friends ofNortbam Schools 2.000
Home-Start
Torridge and North		 Devon 4.500 6,000
Langtree Parish HaB 3,000
Lavington
United Reform Church		 4.000 3,500
Lemon Jegy Youth Work 3.000 3,000
Monkleigh
Primary School		 2.600 7,500
Noah's Place Care Farm 1,500
Little Green Town Bideford 3.000
North Devon Museum Trust 5,000
North Devon Display Gymnastics Club 2.000
North Devon Down Syndrome Association 1.800 1,750
North Devon Forum for Autism Spectrum Conditions and ADHD 1.800 1.800
IE
LLI
)		 +
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Q/ Z
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III»
0		 North Devon Hospice
Nortbam
Lions Football Club
Torridge District Guides
Torridge Voluntary
Services
—3		 C's Warm Hub Scheme 16.000
1.500
1.500
6.000		 16,000
1.800
Nortbam Methodist Church 1.500 2,000
QM~ Transport
Costs for School Swimming		 Lessons 10.315 11,682
Ri Torridge Voluntary
Services
—One Atlantic
Northern
Devon Food Bank		 8.000 4,663
Up Close Theatre 4.000 5,000
Way ofthe Wharves Project 1.000 2,000
Westcroft School
—Computers		 8,432
Weare Giffard Village Hall 1.000 5,000
Over and Above 10.000 10,000
South West Heritage Trust
—North		 Devon Record Office 6.000 6,000
Parkbam Allardice
Hall		 1.000 1,500
Sandymere
Blues Football Club		 1.500
South West Blood Bikes 3.000
StMary's Parish Church. Bideford 10,000
School Swimming
Lessons (1610Limited		 and Active Torridge) 29.156 36,443
StHelen's Church.
Abbotsham		 2,000
South West Event Management Solutions —New Year Event 1,500
Store Homelessness
Project		 2,500
Steamship
Freshspring
Society		 7.000 8,798
Tarka Child Contact Centre 3.000 3,000
Torridge. N Devon. Mid &West Devon Citizens Advice Bureau 4.000
Torridge Voluntary
Services
—Bideford		 Volunteer
Centre		 13.000 6,500
Torridge Voluntary
Services
—Financial		 Inclusion Project 6,500
Torridgeside
Amateur
Swimming		 Club 2.000 2,000

(CONTINUED)
Westward
Hol Community		 Association 4.000 5,000
Grants under KI,800 ro institutions 41.743 31,220
Business Start-Ups 82.967 114,784
Taxi Voucher Scheme 18.716 9.148
Book. Bursary. Social and Training 115,902 74,461
668,889 829.888
9 ANALYSIS OF GOVERNANCE 9 ANALYSIS OF GOVERNANCE AND SUPPORT COSTS AND SUPPORT COSTS
Charitable
activities expenditure
Unrestricted
funds Total Total
Basis of General 2022 2021
allocation
Supportcosts A 1,618 1,618 2,251
Governance
costs		 33,684 33,684 33,351
Support costs allocated to charitable activities Administration
35,302		 Total
35,302		 Total
35,602
Basis of costs 2022 2021
allocation
Printing
and stationery
costs for
Torridge Taxi Voucher Scheme		 A 875
Administration
costs for Torridge
Taxi Voucher Scheme A 1,618 1,618 1,376
1,618 1,618 2,251

Unrestricted
Total
22
Total December
31 2020 to 31
December December
General 2022 2021
Steward's fees l50%l 19,350 19,350 20,193
Accountancy fees 4,500 4,500 4,100
The audit of the charity's annual accounts 9,300 9,300 8,500
Professional indemnity insurance 534 534 558
33,684 33,684 33,351

12FIXEDASSET INVESTMENTS 12FIXEDASSET INVESTMENTS 12FIXEDASSET INVESTMENTS
2022 2021
Investment
properties		 16,565,000 15,965,000
Other investments 3,941,007 4,591,639
20,506,007 20,556,639
INVESTMENT PROPERTIES
Investment
properties
At valuation
At 1January 2022 15,965,000
Revaluation 517,500
Additions 82,500
At 31December 2022
Provision		 16,565,000
At 31December 2022
Net book value
At 31December 2022		 16,565,000
At 31December 2021 15,965,000
Valuation ofinvestment properties is by an independent valuer.
Purchases
and major refurbishments		 ofproperties in the year are included at cost.

Other
investments Total
At valuation
At I January 2022 4,591,639 4,591,639
Revaluation (558,743) (558,743)
Disposals (91,889) (91,889)
At 31December 2022 3,941,007 3,941,007
Net book value
At 31December 2022 3,941,007 3,941,007
At 31December 2021 4,591,639 4,591,639
+ Vl All other investments are in the Charities Official Investment Fund.
Q/ Z
tEgi
LU (II»
)
0
Qu)~ 13STOCK 31 31
Ri December
2022		 December
2021
31 31
December December
2022 2021
277 760

14DEBTORS
2022 2021
Trade debtors 52,711 46,923
P repayments 11,482 9,733
Other debtors 19,883 22,683
84,076 79,339
Debtors includes 17,883(2021:20,683)receivable after more than one year.
2022 2021
Other debtors 17,883 20,683
& m 15CASH AND CASH EQUIVALENTS
Q/ Z
tEgi
LU tII »
)Z8		 Cash on hand 2022
5		 2021
5
Cash at bank 109,373 257,089
109,378 257,094
16CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
Trade creditors 27,371 23,397
VAT payable 5,726 6,031
Other creditors 117,828 82,217
Accruals 59,838 56,601
210,763 168,246

17FUNDS
Other Balance at
Balance atI Incoming Resources recognised 31December
January 2022 resources expended gains/(losses) 2022
Unrestricted funds
General 1,077,830 879,257 (1,062,594) (112,322) 782,171
Restricted funds 200 (50) 150
Endowment funds
tungi Permanent 19,647,556 (11,981) 71,079 19,706,654
Total funds 20,725,586 879,257 (1,074,625) (41,243) 20,488,975
Balance at 22 Other Balance at
+
Q/		 Vl
Z		 December
2020		 Incoming
resources		 Resources
expended		 recognised
gains/(losses)		 31December
2021
LU
)		 tII »
0		 Unrestricted funds
Qu)~ General 1,004,206 865,640 (900,835) 108,819 1,077,830
Ri Restricted funds
Endowment
funds		 200 200
Permanent 18,183,503 (400) 1,464,453 19,647,556
Total funds 19,187,709 865,840 (901,235) 1,573,272 20,725,586

ISANALYSIS OF NET ASSETSBE TWEEN FUNDS
Total
funds at
Unrestricted Endowment 31
funds Restricted funds December
General funds Permanent 2022
Fixed asset investments 792,247 19,713,760 20,506,007
Current assets 193,581 150 193,731
Current liabilities (203,657) (7,106) (210,763)
Total net assets 782,171 150 19,706,654 20,488,975
Total
funds at
Unrestricted Endowment 31
funds Restricted funds December
+ Vl General funds Permanent 2021
Q/ Z
Fixed asset investments 904,569 19,652,070 20,556,639
2: v
a~o
Od(d
Qtr)~		 Current assets
Current liabilities
Total net assets		 341,507
(168,246)
1,077,830		 200
200		 (4,514)
19,647,556		 337,193
(168,246)
20,725,586
dz0
19ANALYSIS OF NET FUNDS
At 1 At 31
January Financing December
2022 cash flows 2022
Cash at bank and in hand 257,094 (147,716) 109,378
Net debt 257,094 (147,716) 109,378
At 22 At 31
December Changes in December
2020 Cash flow market value 2021
Cash at bank and in hand 246,871 10,223 257,094
Current asset investments 795,750 (795,750)
Net funds 1,042,621 10,223 (795,750) 257,094